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A recent report has it that Thai oldest bank, Siam Commercial Bank (SCB), has made a cross-border payments transfer using Ripple’s technology. Leveraging ripple's technology, the bank was able to complete a transaction which normally takes about 2 days in just 1minute. SCB and Ripple Making Cross-border B2B Payment Easy "In a bid to optimize [...]
Ripple announced via a post on its “Insights” blog that Thailand’s first domestic bank Siam Commercial Bank (SBC) has become the first financial institution on RippleNet to use the ‘Multi-Hop’ feature. The blockchain startup tweeted this: “@scb_thailand will be the first to use ‘multi-hop’, a key feature on RippleNet that allows financial institutions to forward [...]